I just got a quote for a loan on a triplex. Purchase price is $140k, and the quote lays out each line item that I'll be charged for.One of the lines says "Investment Property Fee - 2.125% - $2,231.25I haven't seen thi...
I think there is a pretty easy way to lower prices of housing to some extent.. And that is to do away with Mortgage Broker and have all home loans orignated by the direct lender/ Banks..
I personally bought a home i...
How to compare 10 different official loan estimates from 10 lenders to find best deal?All these 10 different official loan estimates have different numbers for everything. Please advise, Thanks!
Just got a DSCR rate quote from one of my lenders and it came out at 8.5% with no pre-payment penalty. Seems a little high from what I thought it would be.Anybody get one recently and can tell me if this is a competit...
I have a private money lender that has good rates but they have requested a deposit/origination fee before the loan is funded. I am a little leery of this - is this typical?
I signed "Uniform Residential Loan Application" on May 18, 2023, and locked in a 6% conventional loan mortgage rate with 0 points. On Friday June 16, 2023, one business day before the closing date (closing is 6/20/20...
This is effective as of Dec 7 2020. How do you handle this when using a third party? My iGMS account is no longer connected. In order to connect it, I must allow Airbnb’s host only fee structure. What’s the solution? ...
Hi,I am purchasing a multi-family unit for $175,000. Here are the loan terms I received from a bank, please let me know if this is good in current market. This is a commercial loan.Interest Rate fixed for 5 years = 4....
Hello, A few months ago I wrote about how I was done procrastinating and ready to get in the game. Since then I have been viewing properties and today I saw one that I thing the numbers might make sense and I am ready...
Hi all,
We are currently shopping around for the lowest interest rate to purchase our first primary residence, multi-family in MA. We are currently looking at Everett, Reverse, Malden, and Melrose. My husband is acti...